Let $x_{1},x_{2},\cdots\cdot x_{n}$ be $\mathrm{n}$ observations, and let $\bar{x}$ be their arithmetic mean and $\sigma^{2}$ be their variance. Statement 1: Variance of $2x_{1},2x_{2},\ldots,2x_{n}$ is $4\sigma^{2}$. Statement 2: Arithmetic mean of $2x_{1},2x_{2},\ldots,2x_{n}$ is $4\bar{x}$.
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